Purchasing a home in Wisconsin? WHEDA may be right for you.
WHEDA Loans for Wisconsin Homes
We’re here to help you navigate every step of the way in purchasing your first home. The Wisconsin Housing and Economic Development Authority (WHEDA) program could be a great step.
WHEDA (Wisconsin Housing and Economic Development Authority) offers a special loan program to those looking to purchase a home in Wisconsin. WHEDA loans are long-term fixed rate loans and have low or no down payment options. The borrower has to meet WHEDA’s eligibility requirements.
WHEDA is a state agency that provides affordable financing options and various programs to make housing more accessible for individuals and families.
First-Time Homebuyer Programs
WHEDA offers programs that cater to first-time homebuyers, providing them with affordable financing options, lower down payment requirements, and other benefits.
Low Down Payment Options
WHEDA loans typically have lower down payment requirements compared to conventional loans, making it easier for homebuyers to enter the housing market.
Competitive Interest Rates
WHEDA strives to offer competitive interest rates to make homeownership more affordable for Wisconsin residents.
Income Limits
WHEDA programs have income limits to ensure that assistance is targeted toward those who may need it most. These limits vary depending on the specific program and the size of the household.
Home Accessibility and Energy Efficiency Programs
WHEDA may offer programs to support the purchase of homes with accessibility features or energy-efficient improvements, promoting sustainable and comfortable living.
Educational Resources
WHEDA provides educational resources and counseling to help homebuyers understand the homebuying process, manage their finances, and make informed decisions.
Coordinated with Local Lenders
WHEDA works in collaboration with local lenders to facilitate the loan application and approval process. Homebuyers can apply for WHEDA loans through participating lenders.
